Posts by Nathan Pine
South-east Asia’s budget airlines bet on travel demand, despite competition woes
[ad_1] [SEOUL] South-east Asia’s biggest budget airlines are pursuing a bruising capacity expansion race despite rising cost pressures that are squeezing profitability and led Qantas Airways to shut down Singapore-based offshoot Jetstar Asia. Low-cost carriers have proliferated in Asia in the past two decades as disposable incomes rise, supported by robust travel demand from Chinese…
Read MoreUber warns Hong Kong drivers and riders of possible new curbs
[ad_1] [HONG KONG] Uber Technologies is e-mailing Hong Kong users to raise concerns about rules the city is formulating, warning the government could cap the number of drivers or vehicles allowed on the platform. The San Francisco-based company said any such limit would reduce opportunities for drivers to earn money and could lead to more…
Read MoreGlobally diversified equities remain attractive amid yet another Fed pause: analysts
[ad_1] [SINGAPORE] Analysts continue to favour globally diversified equities, as the US Federal Reserve kept interest rates unchanged on Wednesday (Jun 18). In its latest meeting, the Federal Open Market Committee (FOMC) agreed to leave the central bank’s benchmark interest rate unchanged in the 4.25 to 4.5 per cent range, citing a healthy labour market…
Read MoreAsia: Stocks drop after Fed warning, oil dips with Middle East in focus
[ad_1] [HONG KONG] Asian stocks fell on Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict. While geopolitical tensions are the key focus for markets, traders were also watching the US central…
Read MoreCoinbase launches stablecoin payments service for e-commerce
[ad_1] [NEW YORK] Coinbase Global is launching a platform designed to make stablecoins a go-to payment method for online transactions, a potentially big leap forward in the mainstream adoption of cryptocurrencies meant to track the US dollar. The announcement follows the passage of landmark stablecoin legislation in the US Senate on Tuesday (Jun 17) and…
Read MoreAlibaba Cloud to start second data centre in South Korea by June
[ad_1] The company operates 87 availability zones across 29 global regions and is China’s largest cloud provider Published Thu, Jun 19, 2025 · 10:47 AM [SEOUL] Alibaba Group Holding will open a second data centre in South Korea by the end of June, accelerating its multibillion-dollar bet on artificial intelligence (AI) and cloud computing. The…
Read MoreAustralia: Shares hit 2-week low as miners, gold stocks fall; Fed holds rate
[ad_1] Published Thu, Jun 19, 2025 · 10:09 AM AUSTRALIAN shares hit a two-week low in early trade on Thursday, weighed down by miners and gold stocks as the US Federal Reserve’s cautious tone on rate cuts and softer commodity prices dampened investor sentiment. The S&P/ASX 200 index was down 0.2 per cent at 8516.2…
Read MoreAlec Baldwin’s Wife Hilaria Baldwin Claps Back at Comments on Her Weight
[ad_1] Alec Baldwin and Hilaria Baldwin Respond to Viral Interview Backlash With Pinocchio Video Hilaria Baldwin is shutting down the body shamers. The 41-year-old posted a video on Instagram June 16 in which her kids Carmen, 11, and Leonardo, 8—whom she shares with husband Alec Baldwin—took turns effortlessly lifting her up off the ground, though…
Read MoreStandard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal
[ad_1] [SINGAPORE] Dozens of staff at Standard Chartered have reportedly been laid off in Singapore in a fresh round of job cuts by the London-based bank. The move affected about 80 Singapore-based employees – understood to be from the bank’s technology and operations teams – with their jobs being offshored to India, according to finance…
Read MoreMalaysia FX reserves at three-year high to aid ringgit stability
[ad_1] [KUALA LUMPUR] Malaysia’s increasing currency reserves are bolstering its defences against market volatility. The country’s net foreign exchange (FX) reserves rose to US$94.7 billion at the end of April, according to the latest central bank data, the most since June 2022. Strong foreign inflows into local bonds and a weaker greenback, which enabled Bank…
Read MoreRiver Phoenix’s Ex Martha Plimpton Makes Rare Comment About Romance
[ad_1] Martha Plimpton is reflecting fondly on her ex River Phoenix. The Raising Hope actress—who dated the late actor for four years in the ‘80s and ‘90s—explained that she remained close friends with… [ad_2] Source link
Read MoreFidelity, BlackRock target Chinese demand for offshore funds
[ad_1] [HONG KONG] Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according to sources familiar with the matter. The global asset manager is considering seeking approval for products under the decade-old Mutual Recognition of Funds scheme, said the sources, who asked not to be identified because…
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